Description: Update on IASB Activities during the last quarter of 2016.

Description: In this “nontraditional” general session from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto, the panelists, a “judge,” a “defendant,” and a “prosecutor” present a humorous “trial” to explore what the boundaries of “traditional” actuarial work are. A theme of the session is that some of what we call “nontraditional” is an expansion of traditional actuarial work, and that we owe it to our public to broaden our horizons. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 4A.

Description: Overview of the 21st Annual Caribbean Actuarial Association (CAA) Conference and the CAA's involvement in regional policy, practice and academics.

Description: Chairperson's views on SIPF section's new mission statement approved by the SOA Board.

Description: The article talks abouts the launching of ActuET in Tunisia. ActuET is a new born student association which tend to promote actuarial sciences in Tunisa

Description: A review of the development and responsibilities of the "appointed actuary" for Canadian insurance companies and other designated roles in Canada.

Description: An actuary talks about his career, his firm's ventures into partnerships between actuaries and health care professionals, and his role in the role in the largest actuarial malpractice settlement in history.

Description: The article discusses the sustainability of the ACA individual market from a public entitlement standpoint. A key point of measuring sustainability is the reliance on market forces rather than federal budget constraints. The article explains why an actuarial viewpoint of sustainability is necessary to a greater extent than other public assistance and social insurance programs. The article challenges actuaries to be a bold, objective voice in a space that is full of opinionated but often uninformed viewpoints.

Description: A discussion of the recently revised Society of Actuaries Global Initiatives Policy, which covers a variety of issues including relationships with other actuarial associations, professional development issues, and education issues.

Description: Exploration of sources of volatility in retiree health valuations, noting how volatility arises and might be mitigated, with discussion of valuation parameters more problematic for retiree health benefits than for pensions. Three significant influences on retiree health valuation volatility are covered-- changes in benefit level, fluctuations in cost level, and alterations in eligibility for, or duration of, benefit – and attention focused on the last two. Specific conclusions result in recommendations, which are supported by practical examples contrasting volatile measurement results with those likely from the recommended practices. Theoretical discussion includes health claim variation, health trend usage, financial economics, option pricing, discount rates, and deterministic vs. stochastic modeling.